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of a standoff continuing at the moment. >> this started when mr. moore ci morsi saying its new constitution would be shielded from >> the situation started on the 22nd of november when morsi issued this decree virtually exempting all presidential decrees from judicial oversight. morsi has said this was necessary to speed up constitutional process. he may well have been right in saying that, but the draconian nature of the decree certainly wasn't perceived by his opponents has really set this up. so therefore the situation has escalated to the point where opposition elements are now viewing the judiciary as really kind of the last bastion of not the old regime, but the last bastion. >> seen as an attempt to implement islamic agenda? >> it may well be the start of that. the language if you look at the constitution is not explicit, though i think there are concerns about how that will be interpreted. i think some of the lapse has been loosened at bit. there are new instances that mf-the perception is that some of the protections in the language have been taken away leaving it open to a greater
markets and see. guy wolf is macro strategist at marex speculation and jim moor yo is on constantly on cnbc. unless there's more than one of him. joining from the cme. as i said, a cnbc contributocon. guy, i'll start with you. i just referenced and we had jason trennert say the same thing, traders used to just mainline like fed 85 billion a month. that used to give us a great -- >> how do you know about that? mainline? >> because they're -- >> because they're addicts, traders. and they don't care about structural. they don't care about anything but gimme, gimme from the fed. they weren't even impressed by 85 billion until 2016. are the benefits of this policy to just not be apparent, and the negative effects, you know, coming more into the fore? >> yeah, i mean. a couple of factors. first is the fed are not the only ones out there quantitative easing. when they started they were the only central bank out there, so it had an unusual effect on their currency. whereas now it's much more -- keeping up with everyone else. as things roll off they have to do more just to keep things neutra
Search Results 0 to 1 of about 2